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This chart shows that the value of all Yuan is increasing in dollar terms.
To me, that would suggest their policies are working better than the US's.
If that were true wouldn’t China have the largest GDP in the world?
I'm not saying this chart is accurate, just how it would have to be interpreted.
What it's claiming to show wouldn't be the money supply of Yuan. It would be the market cap of Yuan.
Edit: I have seen money supply charts showing that the value of Yuan is greater than that of dollars and that also strikes me as very odd. It doesn't exactly mean their GDP has to be larger, but since Yuan are less used globally, it does seem to imply that China has a larger GDP. IDK, there's probably something goofy in the methodology or data.
It is an interesting thought experiment. But I think this chart is showing China’s battle to stop deflation.
If they stopped printing and the Yuan got hardened the demand float would remain constrained due to the CCPs cap controls. But every time they needed dollars to do a trade the demand for dollars goes up thus dollar appreciation.
They need to paper over their mistakes plus a chart like this kills the argument that the trade surplus of over $1T is somehow improving their monetary policy.